Tuesday, April 10, 2012

HSINCHU, TAIWAN: MediaTek Inc., a leading fabless semiconductor company for wireless communications and digital multimedia solutions, during a meeting of its board of directors, approved the purchase and acquisition of the Swedish company Coresonic AB, a global leader of Digital Signal Processor (DSP) technology. Following the formalization of the acquisition, Coresonic AB will become another wholly owned subsidiary of MediaTek in Europe.

Coresonic AB, founded in Sweden, has rapidly established itself as a market leader with its breakthrough DSP architecture for wireless baseband. MediaTek will use Coresonic's DSP technology to further improve the efficiency and flexibility of its expanding product lines, strengthening MediaTek's position as a leading provider of wireless communication and digital multimedia IC solutions. Prior to the acquisition, MediaTek has been working closely with Coresonic AB.

Johan Lodenius, CEO of Coresonic, said: "We have been very successful with expanding the use of our DSP architecture in wireless communications projects world-wide. This acquisition provides strong synergies for both companies as it enables us to increase the pace of introducing new leading wireless products through MediaTek's global network."

Following the announcement of the acquisition, Ching-Jiang Hsieh, president of MediaTek, said: "As a leader in digital consumer and wireless chipsets, MediaTek offers a broad range of highly competitive products. With the acquisition of Coresonic, MediaTek will significantly enhance its wireless technologies and sharpen the competitive edge of its product solutions."